SYLVIE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SYLVIE
Largest movements
- Receivables within one year -€39,642
down €39,642 (-85.4%), from €46,414 to €6,772
of which Other amounts receivable: -€39,210
- Cash -€28,777
down €28,777 (-39.5%), from €72,770 to €43,993
mainly Other debts (-€59,717) and Tax, wage and social debts (-€12,482)
- Tangible fixed assets -€12,496
down €12,496 (-24.9%), from €50,189 to €37,692
of which Furniture and vehicles: -€6,622
- Receivables after one year +€9,143
new in 2025: €9,143
- Other debts -€59,717
down €59,717 (-99.5%), from €60,000 to €283
- Reserves +€14,564
up €14,564 (+29.4%), from €49,614 to €64,178
- Tax, wage and social debts -€12,482
down €12,482 (-59.7%), from €20,917 to €8,435
of which Taxes: -€8,295
- Debts after one year -€7,748
down €7,748 (-37.7%), from €20,545 to €12,798
- Current portion of long-term debt -€6,128
down €6,128 (-44.2%), from €13,876 to €7,748
- Gross operating margin -€27,396
down €27,396 (-32.3%), from €84,689 to €57,293
- Taxes -€6,416
down €6,416 (-56.4%), from €11,369 to €4,953
- Staff costs +€3,365
up €3,365 (+25.9%), from €13,010 to €16,375
- Depreciation +€2,456
up €2,456 (+16.9%), from €14,533 to €16,989
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,302 | €113,950 | -€72,352 | -38.8% |
| Fixed assets | 21/28 | €63,539 | €49,242 | -€14,296 | -22.5% |
| Intangible fixed assets | 21 | €10,500 | €8,700 | -€1,800 | -17.1% |
| Tangible fixed assets | 22/27 | €50,189 | €37,692 | -€12,496 | -24.9% |
| Plant, machinery and equipment | 23 | €16,782 | €11,951 | -€4,831 | -28.8% |
| Furniture and vehicles | 24 | €29,539 | €22,917 | -€6,622 | -22.4% |
| Other tangible fixed assets | 26 | €3,868 | €2,824 | -€1,044 | -27.0% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €122,763 | €64,708 | -€58,055 | -47.3% |
| Amounts receivable after more than one year | 29 | - | €9,143 | +€9,143 | |
| Other amounts receivable | 291 | - | €9,143 | +€9,143 | |
| Stocks and contracts in progress | 3 | €2,318 | €2,393 | +€75 | +3.3% |
| Stocks | 30/36 | €2,318 | €2,393 | +€75 | +3.3% |
| Amounts receivable within one year | 40/41 | €46,414 | €6,772 | -€39,642 | -85.4% |
| Trade receivables | 40 | €431 | €0 | -€431 | -100% |
| Other amounts receivable | 41 | €45,983 | €6,772 | -€39,210 | -85.3% |
| Cash at bank and in hand | 54/58 | €72,770 | €43,993 | -€28,777 | -39.5% |
| Deferred charges and accrued income | 490/1 | €1,261 | €2,406 | +€1,145 | +90.8% |
| Total equity and liabilities | 10/49 | €186,302 | €113,950 | -€72,352 | -38.8% |
| Equity | 10/15 | €64,014 | €78,578 | +€14,564 | +22.8% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €49,614 | €64,178 | +€14,564 | +29.4% |
| Distributable reserves | 133 | €49,614 | €64,178 | +€14,564 | +29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,288 | €35,372 | -€86,915 | -71.1% |
| Amounts payable after more than one year | 17 | €20,545 | €12,798 | -€7,748 | -37.7% |
| Financial debts | 170/4 | €20,545 | €12,798 | -€7,748 | -37.7% |
| Amounts payable within one year | 42/48 | €101,742 | €22,575 | -€79,168 | -77.8% |
| Current portion of amounts payable after more than one year | 42 | €13,876 | €7,748 | -€6,128 | -44.2% |
| Trade debts | 44 | €6,855 | €6,109 | -€745 | -10.9% |
| Suppliers | 440/4 | €6,855 | €6,109 | -€745 | -10.9% |
| Advances received on contracts in progress | 46 | €95 | €0 | -€95 | -100% |
| Taxes, remuneration and social security | 45 | €20,917 | €8,435 | -€12,482 | -59.7% |
| Taxes | 450/3 | €16,025 | €7,730 | -€8,295 | -51.8% |
| Remuneration and social security | 454/9 | €4,892 | €705 | -€4,187 | -85.6% |
| Other amounts payable | 47/48 | €60,000 | €283 | -€59,717 | -99.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €13,010 | €16,375 | +€3,365 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,533 | €16,989 | +€2,456 | +16.9% |
| Other operating charges | 640/8 | €2,059 | €1,669 | -€390 | -19.0% |
| Non-recurring operating charges | 66A | - | €680 | +€680 | |
| Gross operating margin | 9900 | €84,689 | €57,293 | -€27,396 | -32.3% |
| Operating profit (loss) | 9901 | €55,087 | €21,580 | -€33,507 | -60.8% |
| Financial income | 75/76B | €1,085 | €271 | -€814 | -75.1% |
| Recurring financial income | 75 | €1,085 | €271 | -€814 | -75.1% |
| Financial charges | 65/66B | €1,729 | €2,334 | +€605 | +35.0% |
| Recurring financial charges | 65 | €1,729 | €2,334 | +€605 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €54,443 | €19,517 | -€34,926 | -64.2% |
| Income taxes | 67/77 | €11,369 | €4,953 | -€6,416 | -56.4% |
| Profit (loss) for the period | 9904 | €43,074 | €14,564 | -€28,510 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,074 | €14,564 | -€28,510 | -66.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.